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Oct 3, 2012
10/12
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the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#:
the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm...
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Oct 1, 2012
10/12
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CNBC
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and the market may or may not be pricing in an obama re-election. that's all going to potentially change during the debates. it will either go higher or lower. i think at the end of the day, the election is a short term mover of the marketplace and we would look for that volatility to add positions that we have a lot of conviction in. >> we've got to leave it there. tom, leo, thank you very much for kicking off our show. >> thank you very much. >>> so, what are you, america, doing with your money. how are you changing your investments, your 401(k). right? a lot? a little? not at all? we make our tests hard here on street signs. you can go to streetsigns.cnbc.com. or tweet us your responses or send a very well trained pigeon. >> yes. >>> a market flash not delivered by pigeon but by word of mouth. >> good afternoon, guys. we're watching shares of service now, ticker now. looking at a downgrade from ubs. they took the stock from neutral to sell with a price target of $28. the firm is saying while they aren't questioning the strong fundamentals, they d
and the market may or may not be pricing in an obama re-election. that's all going to potentially change during the debates. it will either go higher or lower. i think at the end of the day, the election is a short term mover of the marketplace and we would look for that volatility to add positions that we have a lot of conviction in. >> we've got to leave it there. tom, leo, thank you very much for kicking off our show. >> thank you very much. >>> so, what are you,...
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Oct 2, 2012
10/12
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mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. >>> welcome back. it's not hard to tell when hedge fund manager david einhorn told investors today that he thinks chipotle's stock is short. my next guest couldn't disagree more with the short call. he's damon vickers. good to have you on the program, damon. thanks for joining us. why do you think you're right? >> well, yeah, you named it. look, i think we own chipotle. we also own yum brands. his assertions, one by one, seem kind of an empty bag. they don't really hold much water. >> so let's talk about some of those assertions, damon. einhorn is citing competition from taco bell as part of his reason for recommending the short of chipo
mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. >>> welcome back. it's not hard to tell when hedge fund manager david einhorn told...
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Oct 1, 2012
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my observation on the defense companies feeling the hate from the obama administration on the timing of potential job cuts. wait until you hear the details of what's happening now. >>> up next, what will move your money first thing tomorrow morning? three of wall street's top money pros here tell you what they're watching, on the other side of this break. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ >>> all right, welcome back, 30 seconds on the clock, our next guest telling us what they think will move the markets tomorrow morning. we get right to it right now. ubs, steven nicholas, and good to have you on the program, everybody. let's kick it off with you, what are you looking at tomorrow? 30 seconds on the clock. >> well, if you're watching emerging markets, look out for brazil industrial production tomorrow morning at 8:00 a.m. probably mark the 12th straight month of contracting ip, going back to last september. this probably is most importantly f
my observation on the defense companies feeling the hate from the obama administration on the timing of potential job cuts. wait until you hear the details of what's happening now. >>> up next, what will move your money first thing tomorrow morning? three of wall street's top money pros here tell you what they're watching, on the other side of this break. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [...
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Oct 2, 2012
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they're hearing president obama does not have the answer. they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear high the market, even as we worry and wring our hands over those issues. why do you think that is? >> well, i think that investors have been through a difficult decade, especially equity investors in the united states have suffered some real turmoil in their returns, and they've been bombarded by these messages that generate fear. they're legitimate concerns. the world is a very uncertain place. so we're telling -- >> who's buying -- that's the question, who's doing the buying right now? >> i don't think i have a perfect answer for you on that. i can't identify all the buyers ou
they're hearing president obama does not have the answer. they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear high the market, even...
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Oct 2, 2012
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if obama stays in the payout ratios are better for the group. i think you will see this return to in favor once again. >> pop for chesapeake energy. >> dennis was talking about natural gas. chesapeake is benefitting from that. >> drop for mosaic. >> they missed on earnings by about 15 cents. they are saying that demand for product in china is weak right now and they can probably hold off on buying there until the end of the year. >> jim has the ceo of mosaic on mad money. a pop for fly boarding. latest craze in australia. a jet ski hybrid. flyers are connected to a hose which uses water pressure. make sure you bring your wallet. they cost around $12,000 a piece. >> i love it. >> it look as lot smaller when he is on that. >> they take five inches off. drop for starbucks down 1%. >> this is another one not a cheap stock. a lot of future growth expected to come overseas in europe and asia. this is one that under performs the broad markets. i think a lot of people want to see after nike's results. >> drop for jc penney. >> ceo sounds like he is push
if obama stays in the payout ratios are better for the group. i think you will see this return to in favor once again. >> pop for chesapeake energy. >> dennis was talking about natural gas. chesapeake is benefitting from that. >> drop for mosaic. >> they missed on earnings by about 15 cents. they are saying that demand for product in china is weak right now and they can probably hold off on buying there until the end of the year. >> jim has the ceo of mosaic on mad...
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Oct 3, 2012
10/12
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and obama made two decisions. one was to prop the thing up and keep it going in alliance with other countries around the world and literally saved the fortunes of a lot of these people. but he made a second decision. there were progressives who thought we should have asked more questions about how did we get into this mess in the first place and president obama didn't go there because his advisers were worried if you push the system too hard, it might collapse. and so here are folks whose fortunes were saved in significant part by the president's policies and they are complaining because he doesn't say thank you to them. it's very strange. >> these guys got exactly what they wanted and just won't admit it. let's play more sound from sam zell. >> we need leadership, not criticism. until that scenario changes, i think the united states is, quote, unquote, and i hate to use this word, in a malaise. >> what the hell is he talking about? he's being criticized and president obama hasn't provided leadership. your thought
and obama made two decisions. one was to prop the thing up and keep it going in alliance with other countries around the world and literally saved the fortunes of a lot of these people. but he made a second decision. there were progressives who thought we should have asked more questions about how did we get into this mess in the first place and president obama didn't go there because his advisers were worried if you push the system too hard, it might collapse. and so here are folks whose...
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Oct 2, 2012
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for the sake of a bit of background for the viewers, obviously, it working group created by president obama to try go after wrong doing that led to the financial crisis, you are saying it could be the first of many, say this will set a litmus test or precedent for further cases? >> i would assume enforcement actions along the line. >> frustrating thing about the crisis and the aftermath, the cleanup phase is obvious, things don't get fixed, don't get address ready. in 2006, looking at the databases that contained the loans and securitizations, it was nuts what we were seeing, very high debt-to-income ratios, steep payment resets. these loans were made to default, either investors looked the other way, play is been some of that or not enough due diligence or misrepresentation what was in the trusts, doesn't surprise me these actions are being brought. does surprise any is so long after after. >> i don't think it will hinder jpmorgan chase's abilities to make loans. i'm not sure i would draw this connection. it underscores a broader point we want the institution and lending and enforcement ef
for the sake of a bit of background for the viewers, obviously, it working group created by president obama to try go after wrong doing that led to the financial crisis, you are saying it could be the first of many, say this will set a litmus test or precedent for further cases? >> i would assume enforcement actions along the line. >> frustrating thing about the crisis and the aftermath, the cleanup phase is obvious, things don't get fixed, don't get address ready. in 2006, looking...
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Oct 7, 2012
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. >>> september was a blockbuster fundraising month for president obama. the campaign announced it raised $181 million, the highest monthly total of his reelection campaign. the monthly haul was likely boosted by tv exposure during the democratic national convention. a romney spokesman says the campaign has not yet released its september totals, but noted in a tweet that romney raised $12 million in the 48 hours after the debate. both candidates are still talking about the latest unemployment numbers. the jobless rate is now below 8%. the president was thrilled with that news while the republican nominee was skeptical. >> more americans are entering the workforce. more americans are getting jobs. >> the number of people in america, the participation of our adults in the workforce were the same as if he got elected, why our unemployment rate would be about 11%. >> president obama is set to return to the bay area on monday night. he will be at a fundraising concert in san francisco at the bill graham auditorium, along with participating in some high-priced p
. >>> september was a blockbuster fundraising month for president obama. the campaign announced it raised $181 million, the highest monthly total of his reelection campaign. the monthly haul was likely boosted by tv exposure during the democratic national convention. a romney spokesman says the campaign has not yet released its september totals, but noted in a tweet that romney raised $12 million in the 48 hours after the debate. both candidates are still talking about the latest...
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Oct 1, 2012
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bernanke will stay on if barack obama is reelected. on the right-hand side we see potential romney cabinet selections, glenn hubbard, he's been an economic adviser to both romney's presidential campaigns, last time and again this time, and john taylor at stanford university is also somebody who is mentioned frequently. look at state department as well that's obviously one that is a moving part right now because this interesting tension in washington on the obama side if he's reelected between john kerry who might have done himself some good with his speech at the democratic national convention, and susan rice is somebody who is often mentioned. now, this recent flap over libya and what the united states said or did not say about the situation there might have damaged her prospects a little bit. we'll have to watch that one, on the romney side robert zoellick, former world bank president and richard haass, president of the council of foreign relations mention there had and treasury secretary we talked about some of the names for the oba
bernanke will stay on if barack obama is reelected. on the right-hand side we see potential romney cabinet selections, glenn hubbard, he's been an economic adviser to both romney's presidential campaigns, last time and again this time, and john taylor at stanford university is also somebody who is mentioned frequently. look at state department as well that's obviously one that is a moving part right now because this interesting tension in washington on the obama side if he's reelected between...
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Oct 8, 2012
10/12
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obama's favorite banker. and later health care, a major issue for americans in the presidential candidates, the coo of mt. sinai, ken david, is going to join us. a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-34
obama's favorite banker. and later health care, a major issue for americans in the presidential candidates, the coo of mt. sinai, ken david, is going to join us. a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent...
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Oct 8, 2012
10/12
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MSNBC
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>> i still get the sense obama's ahead. i think that might have been a obama high point. i think he was trending down, then the debate happened. i just came back from a few days in ohio. i think he's outspending romney on tv there. i think they both have a very strong ground game. sherrod brown's probably a point or two up on that as well. so i think it comes to the next two debates. it's a swing state. results will be within 1% of the national results. >> item going to hold you there. virginia will be the one that's closer. always good to have you here. thank you, sir. our monday political panel is here to kick off the week, but first, it's columbus day. you know what that means? this is the day that columbus sailed a ocean blue and did not have time for soup. the mess is closed. don't forget to check out our blog. we update it all the time now with good stuff, so visit it a lot. we'll be right back. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call
>> i still get the sense obama's ahead. i think that might have been a obama high point. i think he was trending down, then the debate happened. i just came back from a few days in ohio. i think he's outspending romney on tv there. i think they both have a very strong ground game. sherrod brown's probably a point or two up on that as well. so i think it comes to the next two debates. it's a swing state. results will be within 1% of the national results. >> item going to hold you...
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Oct 7, 2012
10/12
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KRON
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. >> president obama will be in the bay area. he will fly into s f o attending a conference. at the bill gramm civic auditorium. john legend. 6:00 p.m.-9:00 p.m. and as a reminder the next presidential debate will be in new-york. and vice president of joe biden and paul brien will also take the stage for the vice- presidential debate. we will have that on october 11th on a or 24 hour news and weather station. go to our new channel. comcast 193 for the latest news, weather and traffic updates and to watch all the presidential speeches. uninterrupted. and on digital 4.2. the campaign says that september was record-setting. they are raising millions of dollars. the campaign says that over one-half of a million donors were first-time contributors. the average donation was $53. no word on how much they've raised on the other side of the campaign trail. >> with five terror suspects have a right in new-york. one of them is the radical who will appear in court facing the 11 charges. including conspiracy in connection with the 1998 kidnapping of 16 westerners in yemen. and establishin
. >> president obama will be in the bay area. he will fly into s f o attending a conference. at the bill gramm civic auditorium. john legend. 6:00 p.m.-9:00 p.m. and as a reminder the next presidential debate will be in new-york. and vice president of joe biden and paul brien will also take the stage for the vice- presidential debate. we will have that on october 11th on a or 24 hour news and weather station. go to our new channel. comcast 193 for the latest news, weather and traffic...
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Sep 30, 2012
09/12
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WJLA
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come down to a handful of states. >> thank you for sending mitt romney to the white house and barack obama back to chicago. >> the campaign is shifting to a different stage this week with wednesday night's showdown between president obama ann romney. >> if you have taken a look at the history of debates, it is not about policies. is not about facts. it has changed because someone did badly or did well. >> both candidates are in intense prep sections. romney may have the most on the line. his campaign is looking at this as a chance for a game changer. >> one more note from the campaign trail. and a four paul ryan has confirmed -- and aide for paul ryan has confirmed you will spend three days preparing for his debate with vice president joe biden. and new information in the arrest but -- the rest of a man charged with armed robbery and the beating of another man. the police chief says three men attacked others that night, apparently trying to get cell phones from each victim. none of these attacks were as severe as the victim who has undergone four brain surgery is. authorities have identifi
come down to a handful of states. >> thank you for sending mitt romney to the white house and barack obama back to chicago. >> the campaign is shifting to a different stage this week with wednesday night's showdown between president obama ann romney. >> if you have taken a look at the history of debates, it is not about policies. is not about facts. it has changed because someone did badly or did well. >> both candidates are in intense prep sections. romney may have the...
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Oct 8, 2012
10/12
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KRON
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president obama was in l.a. yesterday emphasizing the importance of fund-raising in the final weeks of campaigning. >> was a busy week in four parts. transit officials say why the ship hit a new high over the weekend more than about 320,000 people wrote bart on saturday. usuries there's about 200,000, that's a hundred thousand more!. it was between sports and the airshow and fleet week and everything else. >> was a state assemblyman is trying to stop an effort to assist in hearings of the deadly pipeline explosion. symbols mayor is calling-- seeking mark lawrence kitchen of current hearings over penalties in pipeline upgrade cost, the marimotion-- >> and let's take a look now outside at our winner this morning in our traffic it looks like traffic is fine. the. so is the right-hand side as we look at differences go. it's not the fall that's an issue this morning some about the clause that will grow in later. >> i think the bigger story is how cold it is in terms of those temperatures. we do have some mid 40's and
president obama was in l.a. yesterday emphasizing the importance of fund-raising in the final weeks of campaigning. >> was a busy week in four parts. transit officials say why the ship hit a new high over the weekend more than about 320,000 people wrote bart on saturday. usuries there's about 200,000, that's a hundred thousand more!. it was between sports and the airshow and fleet week and everything else. >> was a state assemblyman is trying to stop an effort to assist in hearings...
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Oct 4, 2012
10/12
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KRON
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. >> president obama and mitt romney duked it out in denver. and it was all about what rolle the government should play in the lives of americans. healthcare, and the economy, big topics of the debate >> the first presidential debate is now in the books. a contentious but not overtly hostile affair. they traded jabs about how to bring jobs back to america and other points. one of the issues was tax cuts, specifically cuts for high-income americans. >> i will not reduce the share paid by high-income individuals. i know that you and your running mate keep saying that, but it's not just not the case. i've got five boys. i'm used to people saying something that's not true and hoping i'll believe it. but that is not the case. >> for 18 months, he's been running on this tax plan. and now five weeks before the election, he's saying that his big, bold idea is never mind! and the fact is if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income indiv
. >> president obama and mitt romney duked it out in denver. and it was all about what rolle the government should play in the lives of americans. healthcare, and the economy, big topics of the debate >> the first presidential debate is now in the books. a contentious but not overtly hostile affair. they traded jabs about how to bring jobs back to america and other points. one of the issues was tax cuts, specifically cuts for high-income americans. >> i will not reduce the...
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he plays barack obama. can you believe that? he does. he plays barack obama. he plays him well, too. i hate to tell you. we get the chance to debate one another after the hour and a half or so is over, i want to kick him out of the room. he's so good. >> if mitt romney kicked barack obama out of the room, it would be quite something. >> i imagine he might kick rob portman out of the room for some of the things he said. no, he -- look, i think when they get together, they're going to start talking about the issues. they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him
he plays barack obama. can you believe that? he does. he plays barack obama. he plays him well, too. i hate to tell you. we get the chance to debate one another after the hour and a half or so is over, i want to kick him out of the room. he's so good. >> if mitt romney kicked barack obama out of the room, it would be quite something. >> i imagine he might kick rob portman out of the room for some of the things he said. no, he -- look, i think when they get together, they're going to...
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Oct 5, 2012
10/12
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exactly where it was when president obama took office. there was only a net gain of 114,000 jobs created last month. too low for sustained unemployment reduction. so something for both sides to like. the president has to be thrilled about this jobs numbers, though. it's a game changer unless it's not. the president is the out on the trail pushing it. >> as a nation we are moving forward again. we're moving forward. more people are getting jobs. now, every month reminds us that we've still got too many of our friends and neighbors looking for work. today's news certainly is not an excuse to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> my friends, whenever fall comes the leaves turn pretty colors and the jobs numbers bring in our dynamic duo, peter and jared. how are you my wonky friends? >> we're wonking along. >> we're pretty wonky. >> do you think that wonk spelled backwards is know? >> excellent. you just blew my mind. >> as is k-n-o-w. were you trying to
exactly where it was when president obama took office. there was only a net gain of 114,000 jobs created last month. too low for sustained unemployment reduction. so something for both sides to like. the president has to be thrilled about this jobs numbers, though. it's a game changer unless it's not. the president is the out on the trail pushing it. >> as a nation we are moving forward again. we're moving forward. more people are getting jobs. now, every month reminds us that we've still...
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Oct 4, 2012
10/12
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>> it looked like president obama was not prepared. >> the industry e champion did take off today. >> by the way, i like coal. >> as long as he doesn't say anything like this. >> i was in bangkok myself and mark, i didn't see you in the disco. >> well that was the lowest class of all. >> fast money, right now. >> live from the market in new york city's times square. stocks getting a boost today and is this a romney rally? what is the best way to play it. >> i think you have to look at the sector that is most undervalued. i think a romney victory brings back the return of normalized earnings much faster. you will see a regulatory environment that is more in line with what i think the 2012 market should be. we have over regulated in that sense and the value of the us dollar under romney will get stronger. >> karen? >> i agree with what he is saying. there is the perception of economic growth and if that is the case and less regulation, i think you are see the industrials get better. >> i think if we can get back to 2007 and 8: 20 2007 and 2008 levels, it will be better. >> how often do
>> it looked like president obama was not prepared. >> the industry e champion did take off today. >> by the way, i like coal. >> as long as he doesn't say anything like this. >> i was in bangkok myself and mark, i didn't see you in the disco. >> well that was the lowest class of all. >> fast money, right now. >> live from the market in new york city's times square. stocks getting a boost today and is this a romney rally? what is the best way to...
SFGTV: San Francisco Government Television
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Oct 8, 2012
10/12
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SFGTV
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that president obama announced that the expansion of the downtown ferry terminal behind us in the if herry building has been identified on his list as two critical transportation projects in the state of california and his plan is to expedite these two projects through better coordination of the federal, local and state governments in order to put americans to work building a 21st century infrastructure and providing california with more transportation choices. and the san francisco downtown ferry project is something that is spearheaded by the san francisco bay water emergency transportation authority. and they have been doing a great job and their project will improve the land side facilities and allow up to 6 new ferry bursts and as many as 10,000 per day, and so they have been working a draft, eir, eif which we hope to see in the beginning of the calendar year and they have been working with the port and partner and bc bc and so that is one of really great things that we see moving forward now in a expedited fashion. >> that leads me for introduce you the partner that wants to gi
that president obama announced that the expansion of the downtown ferry terminal behind us in the if herry building has been identified on his list as two critical transportation projects in the state of california and his plan is to expedite these two projects through better coordination of the federal, local and state governments in order to put americans to work building a 21st century infrastructure and providing california with more transportation choices. and the san francisco downtown...
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obama seemed passive, detached, and glum. but what's more significant than how romney said things is what he said. romney repeatedly insisted he was not advocating a big tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a tax cut that would cost around $5 trillion over ten years. he said he would eliminate deductions and spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the dodd/frank bill and he repeatedly held up as a model his health care plan in massachusetts which has added center the individual mandate and on which obama care is based. romney's transformation did not happen overnight. the candidate has been reworking his stuck stuck speech. he has a five-point stump speech. the first four points are ab
obama seemed passive, detached, and glum. but what's more significant than how romney said things is what he said. romney repeatedly insisted he was not advocating a big tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a tax cut that would cost around $5 trillion over ten years. he said he would eliminate deductions and...
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drop in unemployment puts rate at its lowest level since president obama took office. the president said declining jobless rate is a sign "we are moving forward again." he says it is evidence that the economic policies are working. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. [ cheering and applause ] >> mr. obama also said after losing 800,000 jobs a month when he took office, businesses have now added 5.2 million new jobs over the past two and a half years. republican presidential candidate mitt romney is also campaigning in virginia and says the drop in the unemployment rate is insignificant and not a sign of what he calls real economic recovery. romney says the president really made the economy worse according to governor romney, the numbers are deceptive in part because some people have quit looking for work. >> the truth is if the same share of people were participating in the workforce today as on the day the president got elected u
drop in unemployment puts rate at its lowest level since president obama took office. the president said declining jobless rate is a sign "we are moving forward again." he says it is evidence that the economic policies are working. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. [ cheering and applause ] >> mr. obama also said after losing...
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not so good for barack obama. definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far today, but president obama hosted a rally in colorado today, giving him a chance to have almost a do over from last night's performance. take a listen. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> and bill, the battle continues now. in the battleground states, we're going to see both candidates in virginia. the presi
not so good for barack obama. definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far today, but president obama hosted a rally in colorado...
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obama inherited a $1.2 trillion deficit when he came into office. you in the president increased that to $1.4 trillion deficit, but the deficits have stayed just under that. they've stayed very high, but they've been just under that for the next couple of years. he hasn't doubled it. >> reporter: these were just a few of the misleading claims flagged by fact check. and they may have found sounded familiar. >> as facts checkers, we've heard these claims over and over again. there wasn't a whole lot new in last night's debate. >> reporter: don't be surprised when you hear similar claims in the remaining debates. one topic that will surely come up again, the alleged $5 trillion tax cut in governor romney's plan. it's important to note there is no $5 trillion estimate. a nonpartisan tax policy center only forecast cuts for one year under romney's plan, $4 5 billion in 2015 -- $415 billion in 2015. not factoring in tax deductions or loopholes. sam brock, nbc bay area. back to you. >> thank you very much, sam. >>> still ahead at 6:00, we're on the road to
obama inherited a $1.2 trillion deficit when he came into office. you in the president increased that to $1.4 trillion deficit, but the deficits have stayed just under that. they've stayed very high, but they've been just under that for the next couple of years. he hasn't doubled it. >> reporter: these were just a few of the misleading claims flagged by fact check. and they may have found sounded familiar. >> as facts checkers, we've heard these claims over and over again. there...
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he has a little bit, $50 billion from seniors and obama care to pay for some of obama care, but the rest of it will have to be covered by cost reduction, which he's fought every step of the way for taxes. >> i wonder, howard, can you -- is it possible to win the argument where you say, all right, i'm rich, i got, you know, i've got an elevator for my cars. i know how to fix this and make it good for the middle class and look like -- maybe you're not as attached to the empathy, or is it better to be the president and say i really care, i just don't know how to do anything. >> neither one of them is good. look, the reason the numbers have gotten so much better for obama in terms of who is the best deal for the economy, whoever thought that would be even at this point. is simply because people think the president cares about them and they don't think that about mitt romney. >> incompetent doesn't help. >> we really have gained 4 million jobs, i grant you from the down -- >> no business experience in his administration, doesn't seem to be private-sector oriented, more interested in governmen
he has a little bit, $50 billion from seniors and obama care to pay for some of obama care, but the rest of it will have to be covered by cost reduction, which he's fought every step of the way for taxes. >> i wonder, howard, can you -- is it possible to win the argument where you say, all right, i'm rich, i got, you know, i've got an elevator for my cars. i know how to fix this and make it good for the middle class and look like -- maybe you're not as attached to the empathy, or is it...
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obama's policies dangerous. both sides are downplaying expectations, giving credit to each other as strong debaters. >> obama is going to be formidable and ike it will be a good debate but i certainly would not underestimate what barack obama brings. >> he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> both sides are already planning their post debate rallies. romney is in virginia with paul ryan on thursday. president obama is staying in colorado. >> wednesday night big one, number one. >> thursday morning will be big here. >> a lot to talk about. >>> a bay area haven to techies has now been saved from closure. we'll have the details coming up next. >>> plus after three straight days of talks, we'll tell you if the sharks are going back on the ice any time soon. >>> and we're looking at traffic back on 880 here. a smooth drive through fremont. let's see how the roadways are going coming up. >>> welcome ba
obama's policies dangerous. both sides are downplaying expectations, giving credit to each other as strong debaters. >> obama is going to be formidable and ike it will be a good debate but i certainly would not underestimate what barack obama brings. >> he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> both sides are already planning their post debate rallies. romney is...
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obama. and 32% saying it was a tie. >>> here is some of what both the president and romney said during last night's debate. >> i like the fact that in my state we had republicans and democrats come together and work together. what you did instead was to push through a plan without a single republican vote. >> over the last two years healthcare premiums have gone up it is true but they have done up slower than ape time in the last 50 years. >> i put forward a specific 4 trillion dollar deficit reduction plan. >> my number 1 principal is there will be no tax cut that adds to the deficit. >> it is not possible to come up with enough deductions and loopholes that only effect high income individuals to avoid either raising the deficit or burdening the middle class, it is math. >> i like big bird and you too, but i am not going to keep borrowing money from china to pay for it. >> we have more including a fact check of the statements made last night. find it at ktvu.com. >>> a drive is scheduled fo
obama. and 32% saying it was a tie. >>> here is some of what both the president and romney said during last night's debate. >> i like the fact that in my state we had republicans and democrats come together and work together. what you did instead was to push through a plan without a single republican vote. >> over the last two years healthcare premiums have gone up it is true but they have done up slower than ape time in the last 50 years. >> i put forward a specific...
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a lot of people thought they'd start beginning to president obama. i hear they're not doing that, but they are diverting money that was promised to mitt romney and diverting it to these house and senate races where they think they can help republicans keep the house and maybe pick up seats in the senate, maybe take the senate. ashley: so they're losing heart in the campaign. >> reporter: clearly there is a trend out there where they are, and the money is starting to shift. now, this trend is lot of people -- these same people that i'm talking to, i will say these are major fundraisers for mitt romney, and they raise for other people, republicans, and not only that, they are pretty tight inside the campaign. what they're saying is they think this trend could be reversed. what could reverse this trend? a really good debate performance. what could expedite -- and that debate, as you know, comes wednesday. what could expedite this trend? a really lousy debate performance. ashley: no pressure. >> reporter: you're clearly going to see republican donors, at
a lot of people thought they'd start beginning to president obama. i hear they're not doing that, but they are diverting money that was promised to mitt romney and diverting it to these house and senate races where they think they can help republicans keep the house and maybe pick up seats in the senate, maybe take the senate. ashley: so they're losing heart in the campaign. >> reporter: clearly there is a trend out there where they are, and the money is starting to shift. now, this trend...
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president obama attended fundraisers in los angeles yesterday. featuring a concert. the president took a jab at his own debate performance last week. he said while the singers are able to perform flawlessly night after night he can't always say the same. >>> mitt romney meantime scheduled to deliver a foreign policy speech today at the virginia military institute. according to his prepared remarks, he will propose a new assertive role for the u.s. in syria, more sanctions on iran, and a change in the u.s. policy in the middle east. the republican nominee will portray president obama as a weak leader. >>> in overnight news back here in the bay area oakland police are investigating a shooting that happened just after 11:00 last night on church street. police say the victims showed up to the east mont police station in a car that was riddled with bullet holes. we don't know the victims condition this morning but so far no arrests have been made. >>> an investigation is under way after a body was found inside a car in east oakland. the body was found at about 5:00 last n
president obama attended fundraisers in los angeles yesterday. featuring a concert. the president took a jab at his own debate performance last week. he said while the singers are able to perform flawlessly night after night he can't always say the same. >>> mitt romney meantime scheduled to deliver a foreign policy speech today at the virginia military institute. according to his prepared remarks, he will propose a new assertive role for the u.s. in syria, more sanctions on iran, and...
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of course i'll vote and i'm voting for obama. i can't believe mitt romney could win this election, but i'm also in a state of mind that that would be so aappalling to me. i can't believe it could be true. >> he's been working the you don't understand me ticket. let's look at him on kelly and michael. >> honorhoney boo boo or snooki? >> do you know who they are? >> i'm kind of a snooki fan. look how tiny she's gotten. she's lost weight and she's energetic. just her spark plug personality. >> he's never heard of honey boo boo or snooki. someone's told him. >> no. he's watching honey boo boo and snooki back-to-back. they say every election is crucial yes, it's crucial but a lot can't get done in four years anyway, but if worse came to worse, if we had this guy for four years, i doubt it would be that easily affected. i think you need two terms as president. i think obama needs two terms to prove what he can do. >> i think about that. four years is probably never enough for anybody to do very much as president. if you come in, the fi
of course i'll vote and i'm voting for obama. i can't believe mitt romney could win this election, but i'm also in a state of mind that that would be so aappalling to me. i can't believe it could be true. >> he's been working the you don't understand me ticket. let's look at him on kelly and michael. >> honorhoney boo boo or snooki? >> do you know who they are? >> i'm kind of a snooki fan. look how tiny she's gotten. she's lost weight and she's energetic. just her spark...
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one, he has to convince that president obama has not delivered. second, he has to convince the american people he can deliver. so he has to do it both things. there's still some heavy sledding for him on both fronts. in terms of the market, i think that over the next few weeks and months we're basically going to be driven not only by the political process but whether we get data that confirms the handoff from central bank action to fundamentals will happen. otherwise, this wedge that the central bank have created between valuations of fundamentals cannot be sustained forever. fundamentals have got to start coming up towards valuations, otherwise valuations will come down. >> mohammed, thank you so much for joining us today. >> thank you, michelle. >> all right. we've got about 51 minutes before the closing bell. the nasdaq is lower by nearly 14 points. >> don't go anywhere. there's still a lot more ahead on this busy friday edition of the "closing bell." >>> coming up, employment possibility. 58% of ceos say they plan to hire more workers within t
one, he has to convince that president obama has not delivered. second, he has to convince the american people he can deliver. so he has to do it both things. there's still some heavy sledding for him on both fronts. in terms of the market, i think that over the next few weeks and months we're basically going to be driven not only by the political process but whether we get data that confirms the handoff from central bank action to fundamentals will happen. otherwise, this wedge that the...
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and here in ohio, obama has a great record. he slapped tariffs on chinese products coming over, that helped job creation in ohio, not to mention the auto industry rescue package and we've had thousands of jobs that have been created, in my congressional district, 4500 jobs at a general motors plant that makes the chevy cruz in lordstown and all of the spin offs. obama is going to be judged on his record here. 30 plus months of growth, job growth, we're no -- no one is celebrating this. no one think we're where we need to be but in ohio we're in a significantly better position than we were in 2008 and 2009. >> we don't have a good post-debate poll in ohio and you could look at the post-debate poll that we do have, as you point out is national, and say, well if that's happening across the country, it's not insane to think that could, obviously, happen in ohio as well. here's the attorney general mike dewine, he was talking about how he thinks this is going to help the debate is really going to help governor romney in the state of
and here in ohio, obama has a great record. he slapped tariffs on chinese products coming over, that helped job creation in ohio, not to mention the auto industry rescue package and we've had thousands of jobs that have been created, in my congressional district, 4500 jobs at a general motors plant that makes the chevy cruz in lordstown and all of the spin offs. obama is going to be judged on his record here. 30 plus months of growth, job growth, we're no -- no one is celebrating this. no one...
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president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt romney talk about on net since january 2009 when barack obama took office, hardly any jobs created. barack obama will talk about a time line beginning in early 2010. since then, 4 million private sector jobs have been created. finally, medicare, the big issue threatening go bankrupt the budget long term. mitt romney is proposing a substantial change that would include vouchers. he hasn't said how much they'd grow over time. president obama has not said whether or not he's going to propose the same kind of changes like raising the eligibility age for medicare that he tried in those unsuccessful grand bargain talks with house speaker john boehner last year, maria. >> all right, jauohn. thank you so much. my next guest is making the argument that business leaders don't make the best president. what may be good for wall
president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt romney talk about on net since january 2009 when barack obama took office, hardly any jobs created. barack obama will talk about a time line beginning in early 2010. since then, 4 million private sector jobs have been created. finally, medicare, the big issue threatening go bankrupt the...
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obama never raised taxes but will raise them soon. it was mitt romney who said let detroit go bankrupt. then he saw what happened after the automobile loan from the federal government saved 1.5 million american jobs and ohio's economy. and all of a sudden, mitt romney says the auto loan, that was just a good idea. and mitt romney says he will be the president for all americans. don't forget that. even though he was caught on tape saying he can never convince 47% of americans to take responsibility for themselves. this is why mitt romney can't be let off the hook in the debate tomorrow night. but it's hard to press him on these issues when he doesn't even answer the questions. here it is. >> what is the biggest misconception about you in the public debate right now? >> we'll have to create more jobs, have less debt and shrink the size of government. >> misconceptions about you? >> you get to ask the questions you want and i get to give the answers i want. >> i hope there's a moment like that tomorrow night. not going to be easy for jim
obama never raised taxes but will raise them soon. it was mitt romney who said let detroit go bankrupt. then he saw what happened after the automobile loan from the federal government saved 1.5 million american jobs and ohio's economy. and all of a sudden, mitt romney says the auto loan, that was just a good idea. and mitt romney says he will be the president for all americans. don't forget that. even though he was caught on tape saying he can never convince 47% of americans to take...
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obama lost with his performance. it brings him back as a credible candidate and he might win all of a sudden, whereas right before the elections everybody sort of wrote him off. so we have to look alt his policy proposals, and obama attacked romney for not having any, but actually on the fiscal side, he's getting pretty specific about favoring a cap on tax loopholes, and i think that's a great idea. i think it would, in fact, generate enough revenues to allow us to lock in on the bush tax cuts permanently. the question is whether the republican diehards who say no tax increase as whatsoever will sign up for that but we could have gridlock even if romney does win. >>> the stock which may be having its best week ever, plus one billion and counting. we'll get a status on facebook's budding friendships and what's in store for the nation's biggest retailers. we'll trade the newest monthly sales figures when halftime comes back. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf ma
obama lost with his performance. it brings him back as a credible candidate and he might win all of a sudden, whereas right before the elections everybody sort of wrote him off. so we have to look alt his policy proposals, and obama attacked romney for not having any, but actually on the fiscal side, he's getting pretty specific about favoring a cap on tax loopholes, and i think that's a great idea. i think it would, in fact, generate enough revenues to allow us to lock in on the bush tax cuts...
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obama well within reach of the 270 electoral votes needed for a win with ohio and iowa now among the states he would carry. romney would need to quickly gain the upper hand in nearly all of the nine states where he and the president are competing the hardest. >>> you can see the first debate between mitt romney and president obama right here on abc7. abc news, your voice, your vote. live debate coverage begins at 6:00 p.m. this wednesday. the u.s. supreme court will begin their new term tomorrow and the justices may weigh in on proposition 8. just as clarence thomas and colleagues attended a red mass at the cathedral in washington d.c., the church hosts the annual mass to pray for the judges. the court will hear arguments on october 10th that could further limit or even end affirmative action for college admission. also an appeal to sustain prop 8 could be heard in november. california voters approved a ban on same-sex marriage four years ago. >>> a messy situation on stage proves justin bieber is one dedicated performer. the story ahead and plus a portion of san francisco is now ora
obama well within reach of the 270 electoral votes needed for a win with ohio and iowa now among the states he would carry. romney would need to quickly gain the upper hand in nearly all of the nine states where he and the president are competing the hardest. >>> you can see the first debate between mitt romney and president obama right here on abc7. abc news, your voice, your vote. live debate coverage begins at 6:00 p.m. this wednesday. the u.s. supreme court will begin their new...
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he wasn't as specific as obama, but he set out to attack obama more. >> a political science professor from san jose state telling us, she thinks romney will get a nice bump in the polls from that debate. she adds whether that bumps come in the all-important swing states where the race is still very tight that, remains to be seen. >>> here's a question, historically how much impact do presidential debates have on an election when it's all said and done? we asked that question to a professor of political science at santa clara university. >> that's a good question. in 2004, john kerry won the first debate against president bush. and in 1984, reagan stumbled in the first debate against mondale and it didn't seem to hurt them very much. it will be interesting to see as the polls come out in the next week whether or not romney gets a bumping and whether or not it's a lasting bump. there's only a month left before the election and he really needs to get some momentum going. he's been behind obama for the first part of the race. it will be interesting to see if the debate really pushes it. h
he wasn't as specific as obama, but he set out to attack obama more. >> a political science professor from san jose state telling us, she thinks romney will get a nice bump in the polls from that debate. she adds whether that bumps come in the all-important swing states where the race is still very tight that, remains to be seen. >>> here's a question, historically how much impact do presidential debates have on an election when it's all said and done? we asked that question to a...
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obama doesn't care. i think he is coming out looking very bad, larry. >> i want to get a quick take before we bring the members in here. to me, this guy is a cheap shot artist. he may be representing obama you wants a cheap shot to go after the banks and where are the kudos for jp morgan that did this and put this together at a time when everything was unravel elling. >> the federal government was under pressure for the euro europeons. andrew cuomo preceded snyder man and declined to use the act. this is the same evidence that he looked over and said i'm not going ahead with this and there are cases and -- let me get this straight. he decided the evidence wasn't there. snyder man looked at it and he is playing cheap politics. >> that is your opinion. >> he has become a good governor of new york and said no go. and this guy says no go and we are on the eve of an election and jp morgan did the lord's work. somebody had to stock the hemorrhaging. >> there is fraud here. no question about it. who is responsi
obama doesn't care. i think he is coming out looking very bad, larry. >> i want to get a quick take before we bring the members in here. to me, this guy is a cheap shot artist. he may be representing obama you wants a cheap shot to go after the banks and where are the kudos for jp morgan that did this and put this together at a time when everything was unravel elling. >> the federal government was under pressure for the euro europeons. andrew cuomo preceded snyder man and declined...
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today both president obama and governor romney stayed out of the spotlight. instead, preparing for their debate. but their running mates hit the trail in swing states. vice president biden said team romney would hike middle class taxes, while congressman ryan swung back. >> how they can justify raising taxes on the middle class has been buried the last four years. >> the obama economic agenda failed not because it was stopped. it failed because it was passed. >> the university of denver will host the debate tomorrow. you can watch it here live on nbc bay area. the topic for this first debate is domestic policy around the moderator is jim lehr. >>> a massive recall for a list of popular peanut butter brands is expanding tonight. new mexico-based sunland is now adding more store brand names to its recall list. the company provides peanut butter and other nut products to major chains. some of the brand names include target's archer farms, safe waive open nature and fresh and easy. also on the list are nature valley, earthbalance and serious food. the recall firs
today both president obama and governor romney stayed out of the spotlight. instead, preparing for their debate. but their running mates hit the trail in swing states. vice president biden said team romney would hike middle class taxes, while congressman ryan swung back. >> how they can justify raising taxes on the middle class has been buried the last four years. >> the obama economic agenda failed not because it was stopped. it failed because it was passed. >> the university...